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DSNjib

DSNjib

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2021-07-08

Because they bought stairs

Why Apple Stock Climbed to a New High Today

2021-07-08

Not yet. Gonna buy the dip

Sorry, the original content has been removed

2021-07-08

Because she is rich

Sorry, the original content has been removed

2021-07-06

$Glimpse Group Inc(VRAR)$If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.

2021-07-02

$Glimpse Group Inc(VRAR)$VR/AR Tech company. Good to invest for long term.

2021-07-01

$Echo Global Logistics(ECHO)$Value stock

2021-07-01

$Echo Global Logistics(ECHO)$Valuable stock

2021-06-24

$DraftKings Inc.(DKNG)$To the moooonnn???

2021-06-16

$DraftKings Inc.(DKNG)$its Euro Cup now! DKNG is online betting company! Its gonna ????

2021-06-16

Yes

Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO

2021-06-16

Nice

Wish Stock: Patient Investors Could Soon See $20 Again

2021-06-16

Googlick

It’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks

2021-06-12

Great ariticle, would you like to share it?

@小虎活动:【7週年有獎隨手拍】老虎，無處不在！

2021-06-12

Great ariticle, would you like to share it?

@小虎活动:【愛回收上市】分享交易體驗，贏京東E卡！

2021-06-12

Great ariticle, would you like to share it?

@小虎活动:【七週年有獎活動】老虎大搜查

2021-06-12

Great ariticle, would you like to share it?

@小虎活动:親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open Day 見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：老虎七週年：在全球與你不期而遇七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜【活動一】7年，你在老虎賺了多少錢？【活動二】積分商城比心大促，三重好禮享不停！【活動三】老虎，無處不在！【活動四】猜老虎收盤價，贏7週年禮盒！

2021-06-12

Great ariticle, would you like to share it?

@小虎活动:在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 @小虎活動 @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! 戳我圍觀直播悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40 四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞微信領取獎品，微信號是tigerbrokers。

Go to Tiger App to see more news

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Thus, Chatterjee posits that Apple's shares could generate strong gains for shareholders in the second half of the year ahead of the launch of the iPhone 13.</p>\n<p>Now what</p>\n<p>The recent rally in Apple's stock price suggests many investors agree with Chatterjee's bullish outlook. They're likely correct to do so. Robust iPhone volumes tend to also drive sales of Apple's high-margin services and fast-growing wearables revenue. So, if it does deliver blowout iPhone sales figures, Apple could enjoy an earnings bonanza later this year. This potential profit windfall, combined with Apple's bountiful share repurchases and steadily growing dividend, gives shareholders multiple ways to win.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple Stock Climbed to a New High Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Apple Stock Climbed to a New High Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/07/why-apple-stock-climbed-to-a-new-high-today/><strong>The motley fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nShares of Apple(NASDAQ:AAPL)rose 1.8% to a record closing high of $144.57 on Wednesday after a respected Wall Street investment bank issued bullish commentary on the popular tech stock.\n...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/07/why-apple-stock-climbed-to-a-new-high-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09086":"华夏纳指-U","AAPL":"苹果","NGD":"New Gold","03086":"华夏纳指"},"source_url":"https://www.fool.com/investing/2021/07/07/why-apple-stock-climbed-to-a-new-high-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140881081","content_text":"What happened\nShares of Apple(NASDAQ:AAPL)rose 1.8% to a record closing high of $144.57 on Wednesday after a respected Wall Street investment bank issued bullish commentary on the popular tech stock.\nSo what\nJPMorgan analyst Samik Chatterjee reiterated his overweight rating on Apple's stock yesterday and boosted his share price forecast from $165 to $170. His new estimate implies potential gains to investors of roughly 18% in the coming year.\nChatterjee noted that Apple underperformed theS&P 500andNasdaqin the first half of 2021. Yet he expects thetechtitan to post strong sales of both current and future models of the iPhone. Thus, Chatterjee posits that Apple's shares could generate strong gains for shareholders in the second half of the year ahead of the launch of the iPhone 13.\nNow what\nThe recent rally in Apple's stock price suggests many investors agree with Chatterjee's bullish outlook. They're likely correct to do so. Robust iPhone volumes tend to also drive sales of Apple's high-margin services and fast-growing wearables revenue. So, if it does deliver blowout iPhone sales figures, Apple could enjoy an earnings bonanza later this year. This potential profit windfall, combined with Apple's bountiful share repurchases and steadily growing dividend, gives shareholders multiple ways to win.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149629929,"gmtCreate":1625723652261,"gmtModify":1703747156345,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Not yet. Gonna buy the dip","listText":"Not yet. Gonna buy the dip","text":"Not yet. Gonna buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149629929","repostId":"2149313796","repostType":4,"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149667092,"gmtCreate":1625723518916,"gmtModify":1703747153922,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Because she is rich","listText":"Because she is rich","text":"Because she is rich","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149667092","repostId":"2149313255","repostType":4,"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157958049,"gmtCreate":1625561140681,"gmtModify":1703743763658,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.&nbsp;","listText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.&nbsp;","text":"$Glimpse Group Inc(VRAR)$If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157958049","isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156228545,"gmtCreate":1625226408987,"gmtModify":1703738774064,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>VR/AR Tech company. Good to invest for long term.&nbsp;","listText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>VR/AR Tech company. Good to invest for long term.&nbsp;","text":"$Glimpse Group Inc(VRAR)$VR/AR Tech company. Good to invest for long term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/156228545","isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584005798258086","authorId":"3584005798258086","name":"5830fe1a","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"content":"Have you studied this stock in depth?","text":"Have you studied this stock in depth?","html":"Have you studied this stock in depth?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151728376,"gmtCreate":1625108159195,"gmtModify":1703736319736,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Value stock","listText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Value stock","text":"$Echo Global Logistics(ECHO)$Value stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151728376","isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151712909,"gmtCreate":1625106581501,"gmtModify":1703736276804,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Valuable stock","listText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Valuable stock","text":"$Echo Global Logistics(ECHO)$Valuable stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151712909","isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126316586,"gmtCreate":1624544351745,"gmtModify":1703839955801,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>To the moooonnn???","listText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>To the moooonnn???","text":"$DraftKings Inc.(DKNG)$To the moooonnn???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126316586","isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163054475,"gmtCreate":1623854469897,"gmtModify":1703821561753,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>its Euro Cup now! DKNG is online betting company! Its gonna ????","listText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>its Euro Cup now! DKNG is online betting company! Its gonna ????","text":"$DraftKings Inc.(DKNG)$its Euro Cup now! DKNG is online betting company! Its gonna ????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/163054475","isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169151012,"gmtCreate":1623823238136,"gmtModify":1703820573366,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169151012","repostId":"1128132038","repostType":4,"repost":{"id":"1128132038","pubTimestamp":1623820564,"share":"https://www.laohu8.com/m/news/1128132038?lang=&edition=full","pubTime":"2021-06-16 13:16","market":"hk","language":"en","title":"Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1128132038","media":"Bloomberg","summary":"Citic, Goldman Sachs, JPMorgan are helping with the offering\nWanda Light Asset is targeting first-ti","content":"<ul>\n <li>Citic, Goldman Sachs, JPMorgan are helping with the offering</li>\n <li>Wanda Light Asset is targeting first-time share sale this year</li>\n</ul>\n<p>Dalian Wanda Group Co.’s commercial property management unit has started preparations with banks for its Hong Kong initial public offering, which could raise about $3 billion, according to people familiar with the matter.</p>\n<p>Citic Securities Co.,Goldman Sachs Group Inc.&nbsp;and&nbsp;JPMorgan Chase &amp; Co.&nbsp;are working withWanda Light Asset Commercial Management Co.to prepare for the first-time share sale, the people said. The offering could happen as soon as this year, said the people, who asked not to be identified as the information is private.</p>\n<p>A Hong Kong IPO would come after the commercial property management firm&nbsp;withdrew&nbsp;its A-share listing in March, adding it will restructure its “asset light” commercial operation and go public at home and abroad as soon as possible. Wanda Light Asset is looking to raise about 20 billion yuan ($3.1 billion) in a pre-IPO funding round, in which more than 20 investors have expressed interest, Bloomberg News&nbsp;reported&nbsp;last month.</p>\n<p>Wanda Light Asset primarily operates and manages its parent’s Wanda Plaza commercial complexes, including 368 in operation and another 155 under construction. In March, the local government in Zhuhai, a city in Guangdong province, invested 3 billion yuan into the unit, according to a statement at that time. The company is now headquartered in Hengqin New Area of Zhuhai.</p>\n<p>Deliberations are ongoing and more banks could be added, the people said. Representatives for Citic Securities, Goldman Sachs and JPMorgan declined to comment, while a representative for Wanda didn’t immediately respond to requests for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWanda Light Asset Gears Up for $3 Billion Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 13:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-16/wanda-light-asset-said-to-gear-up-for-3-billion-hong-kong-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citic, Goldman Sachs, JPMorgan are helping with the offering\nWanda Light Asset is targeting first-time share sale this year\n\nDalian Wanda Group Co.’s commercial property management unit has started ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/wanda-light-asset-said-to-gear-up-for-3-billion-hong-kong-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00169":"万达酒店发展"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/wanda-light-asset-said-to-gear-up-for-3-billion-hong-kong-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128132038","content_text":"Citic, Goldman Sachs, JPMorgan are helping with the offering\nWanda Light Asset is targeting first-time share sale this year\n\nDalian Wanda Group Co.’s commercial property management unit has started preparations with banks for its Hong Kong initial public offering, which could raise about $3 billion, according to people familiar with the matter.\nCitic Securities Co.,Goldman Sachs Group Inc. and JPMorgan Chase & Co. are working withWanda Light Asset Commercial Management Co.to prepare for the first-time share sale, the people said. The offering could happen as soon as this year, said the people, who asked not to be identified as the information is private.\nA Hong Kong IPO would come after the commercial property management firm withdrew its A-share listing in March, adding it will restructure its “asset light” commercial operation and go public at home and abroad as soon as possible. Wanda Light Asset is looking to raise about 20 billion yuan ($3.1 billion) in a pre-IPO funding round, in which more than 20 investors have expressed interest, Bloomberg News reported last month.\nWanda Light Asset primarily operates and manages its parent’s Wanda Plaza commercial complexes, including 368 in operation and another 155 under construction. In March, the local government in Zhuhai, a city in Guangdong province, invested 3 billion yuan into the unit, according to a statement at that time. The company is now headquartered in Hengqin New Area of Zhuhai.\nDeliberations are ongoing and more banks could be added, the people said. Representatives for Citic Securities, Goldman Sachs and JPMorgan declined to comment, while a representative for Wanda didn’t immediately respond to requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169120559,"gmtCreate":1623822553871,"gmtModify":1703820556362,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169120559","repostId":"1148768572","repostType":4,"repost":{"id":"1148768572","pubTimestamp":1623822306,"share":"https://www.laohu8.com/m/news/1148768572?lang=&edition=full","pubTime":"2021-06-16 13:45","market":"us","language":"en","title":"Wish Stock: Patient Investors Could Soon See $20 Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1148768572","media":"seekingalpha","summary":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce tradi","content":"<p><b>Summary</b></p>\n<ul>\n <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>\n <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>\n <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>\n <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p>\n<p><b>Overview</b></p>\n<p>ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p>\n<p>In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p>\n<p><b>The Digital Dollar Tree</b></p>\n<p>Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p>\n<p>Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p>\n<p><img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p>\n<p>Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p>\n<p>It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p>\n<p>I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p>\n<p>Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p>\n<p><b>Negative Sentiment Baked In</b></p>\n<p>Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p>\n<table>\n <tbody>\n  <tr>\n   <td>Year</td>\n   <td>2020</td>\n   <td>2019</td>\n   <td>2018</td>\n  </tr>\n  <tr>\n   <td>Revenue</td>\n   <td>$2.54B</td>\n   <td>$1.9B</td>\n   <td>$1.73B</td>\n  </tr>\n  <tr>\n   <td>Gross Profit</td>\n   <td>$1.59B</td>\n   <td>$1.46B</td>\n   <td>$1.45B</td>\n  </tr>\n  <tr>\n   <td><b>Sales and Marketing</b></td>\n   <td><b>$1.71B (+17%)</b></td>\n   <td><b>$1.46B (-7%)</b></td>\n   <td><b>$1.57B</b></td>\n  </tr>\n  <tr>\n   <td>MAUs</td>\n   <td>107M (+19%)</td>\n   <td><p>90M (+10%)</p></td>\n   <td>82M</td>\n  </tr>\n  <tr>\n   <td><b>Active Buyers</b></td>\n   <td><b>64M (+3%)</b></td>\n   <td><b>62M (-3%)</b></td>\n   <td><b>64M</b></td>\n  </tr>\n </tbody>\n</table>\n<p>*Growth (Year-over-Year)</p>\n<p>The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p>\n<p>In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p>\n<p>Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p>\n<p><b>What about the Lawsuits?</b></p>\n<p>Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p>\n<p>Short Interest - Still High</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p>\n<p>Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p>\n<p><b>The Bottom Line</b></p>\n<p>I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wish Stock: Patient Investors Could Soon See $20 Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWish Stock: Patient Investors Could Soon See $20 Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further ...</p>\n\n<a href=\"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148768572","content_text":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.\nWhile accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.\nI believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.\n\nJuSun/iStock via Getty Images\nOverview\nContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.\nIn this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.\nThe Digital Dollar Tree\nWish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.\nFrankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.\n\nNow, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.\nIt is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.\nSource: Sensor Tower\nI also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.\nWish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.\nNegative Sentiment Baked In\nWish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.\n\n\n\nYear\n2020\n2019\n2018\n\n\nRevenue\n$2.54B\n$1.9B\n$1.73B\n\n\nGross Profit\n$1.59B\n$1.46B\n$1.45B\n\n\nSales and Marketing\n$1.71B (+17%)\n$1.46B (-7%)\n$1.57B\n\n\nMAUs\n107M (+19%)\n90M (+10%)\n82M\n\n\nActive Buyers\n64M (+3%)\n62M (-3%)\n64M\n\n\n\n*Growth (Year-over-Year)\nThe largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.\nSource: Wish IR\nIn terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).\nData byYCharts\nEven after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.\nWhat about the Lawsuits?\nPerhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.\nShort Interest - Still High\nSource: Fintel\nWish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.\nThe Bottom Line\nI believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169120694,"gmtCreate":1623822535818,"gmtModify":1703820555873,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Googlick","listText":"Googlick","text":"Googlick","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/169120694","repostId":"1182315358","repostType":4,"repost":{"id":"1182315358","pubTimestamp":1623814338,"share":"https://www.laohu8.com/m/news/1182315358?lang=&edition=full","pubTime":"2021-06-16 11:32","market":"us","language":"en","title":"It’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1182315358","media":"MarketWatch","summary":"If you’re an investor, you need to be flexible, neither a bull nor a bear.\nIt takes brains and brawn","content":"<p>If you’re an investor, you need to be flexible, neither a bull nor a bear.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/724d1ea0bb18bddb367c79abf08c1af9\" tg-width=\"1260\" tg-height=\"841\"><span>It takes brains and brawn to be an investor these days. (Photo by Isaac Lawrence/AFP via Getty Images)</span></p>\n<p>I don’t know when what I call the Blow-Off Top of the Bubble-Blowing Bull Market will end.</p>\n<p>After 12 years being long and strong and having diamond hands without even knowing that term existed, maybe I’m wrong to turn more cautious.</p>\n<p>Maybe the economy will reopen and rejuvenate the country in such a strong manner that corporate earnings in 2022 and 2023 will make today’s prices seem like bargains.</p>\n<p>But I simply don’t think that’s the most likely outcome.</p>\n<p>And if I’m right that we’re in the throes of the Blow-Off Top of the Bubble-Blowing Bull Market, I do not want to be overly long and on the wrong side of the great unwind when it does start.</p>\n<p>I’m not calling for a near-term crash. I am saying that it’s likely going to be hard for the bulls to make as much money this year as they did last year.</p>\n<p>Trading and investing are tough. There’s always someone on the other side of every trade you make. Always think about who that is and why they are willing to take the other side of your transaction. When you buy, why are they selling it to you at that price? When you sell, who is buying it from you and what are their motivations? Remember, I’ve talked before about how&nbsp;good analysis starts with empathy.</p>\n<p><b>If I’m selling, who’s buying — and why?</b></p>\n<p>So let’s answer this question right now. Who is buying stocks and cryptos from me when I’ve trimmed and sold for the past month or so? Sure, there are banks and institutions and hedge funds and family offices investing and trading, just as always. On the other hand, remember two years ago when I got back from a hedge fund investment conference&nbsp;in Abu Dhabi and everybody was desperate for returns:</p>\n<p>Amid low interest rates and other investors’ focus on options, credit and currencies, “the lack of focus on traditional stocks and funds that invest in publicly traded stocks makes me think that there is probably more opportunity in such assets than people realize. I certainly see some very compelling long ideas in Revolutionary companies like WORK and TWTR and TSLA.”</p>\n<p>Since that post, back a year and a half ago, Slack&nbsp;went from $21 to being bought out at $45, Twitter&nbsp;went from $27 to $61, and Tesla&nbsp;went from $81 to $616. And funds that were looking everywhere but in the stock market for big gains are … well, pretty much in the markets now and long a bunch of stocks and even long a few cryptos.</p>\n<p>And now that those stocks and cryptos and most other assets have gone parabolic in the past year — coming on top of the 10-year bull market — the billion-dollar fund managers are joined by&nbsp;23-year-old TikTok influencers&nbsp;doing bitcoin&nbsp;trading astrology.</p>\n<p>Yes, for real, and she’s very popular. She’s even been right about some of bitcoin’s action in the past few months! If you’re selling cryptos and fintech stocks right now, you’re selling to her and her followers. And also to my friend’s son, who just graduated from a tiny, rural school and whose unemployed uncle gave him $500 to “buy some cryptos. And make sure you get some fintech. I don’t know the symbol, but just look it up and you’ll do fine over the long run.”&nbsp;Bearish anecdotes everywhere I look, as I wrote recently.</p>\n<p><b>Mr. Market</b></p>\n<p>The other thing to remember about who’s on the other side of your trade is always to remember that there are smart, cutthroat traders and investors who went to the best schools and have access to more research and real-time data and instant trading access to all kinds of derivatives to layer into their bets. And the only thing they do all day, every day, is figure out how to take your money in mostly legal ways. They’re not playing around. They have no sympathy for you, even if they might empathize with you to better understand your motivations to better take your money.</p>\n<p>Mr. Market is mean. He’s not nice. He can be cruel. He can force liquidations that create other liquidations. He can shut off access to capital. He can take down 200-year-old banks in a day. In one day.</p>\n<p>Sometimes the markets lead the economy and not the other way around. Ironically, when we were young, we were taught that the Great Depression started when the stock market crashed on Black Friday in 1929. But then when we get older, we were taught that it wasn’t actually the crash that created the Great Depression, rather the economy was already crashing and the stock market just didn’t realize it as it continued on its merry way toward a terrible Blow-Off Top of a nine-year Bubble-Blowing Bull Market that culminated with the Dow Jones Industrial Average&nbsp;up 400% from the 1921 lows to the 1929 highs.</p>\n<p><img src=\"https://static.tigerbbs.com/3a6516337aacc614d83584ea90e174f2\" tg-width=\"1260\" tg-height=\"870\"></p>\n<p><b>Learning from Soros</b></p>\n<p>But looking back, it’s clear that both theories are equally right and wrong — the market crashed because the economy wasn’t as good as the market thought it was,<i>and</i>the economy crashed because the markets shut down access to capital for investment and growth.</p>\n<p>It was “reflexive,” to borrow a term from the great hedge fund manager&nbsp;George Soros.</p>\n<p>He wrote, and the concept is important to understand:</p>\n<p>“I continued to consider myself a failed philosopher. All this changed as a result of the financial crisis of 2008. My conceptual framework enabled me both to anticipate the crisis and to deal with it when it finally struck…</p>\n<p>“I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the participants’ view of the world is always partial and distorted. That is the principle of fallibility. The other is that these distorted views can influence the situation to which they relate because false views lead to inappropriate actions. That is the principle of reflexivity…</p>\n<p>“Recognizing reflexivity has been sacrificed to the vain pursuit of certainty in human affairs, most notably in economics, and yet, uncertainty is the key feature of human affairs. Economic theory is built on the concept of equilibrium, and that concept is in direct contradiction with the concept of reflexivity…</p>\n<p>“A positive feedback process is self-reinforcing. It cannot go on forever because eventually the participants’ views would become so far removed from objective reality that the participants would have to recognize them as unrealistic. Nor can the iterative process occur without any change in the actual state of affairs, because it is in the nature of positive feedback that it reinforces whatever tendency prevails in the real world. Instead of equilibrium, we are faced with a dynamic disequilibrium or what may be described as far-from-equilibrium conditions. Usually in far-from-equilibrium situations the divergence between perceptions and reality leads to a climax which sets in motion a positive feedback process in the opposite direction. Such initially self-reinforcing but eventually self-defeating boom-bust processes or bubbles are characteristic of financial markets, but they can also be found in other spheres. There, I call them fertile fallacies—interpretations of reality that are distorted, yet produce results which reinforce the distortion.”</p>\n<p>Stay flexible</p>\n<p>Far-from-equilibrium conditions was what we had in 2010-2013 when we loaded up on Revolutionary stocks and started buying cryptos like bitcoin. Far-from-equilibrium conditions might be what we have in front of us right now when I suggest getting cautious instead.</p>\n<p>We don’t want to be permabulls. (You for sure don’t want to be a permabear!) We have to be flexible. We have to let our analysis and risk/reward scenarios dictate how much risk we’re taking and when. We have to pay attention to the cycles, the self-reinforcing cycles that drive economies and markets and valuations and earnings and societal interactions and bailouts and financial crises and bubbles and busts and, heaven forbid, just simple stagnation.</p>\n<p>It’s as if everybody forgets that markets can bubble and crash and stagnate. They forget that markets can grind for years on end without making new highs, or without even making higher highs. Do you not remember telling your money manager sometime in 2010-2012 that “If I’d just handled the Great Financial Crisis (and/or the Dot-Com Crash) a little better, I’d be in better shape.” I used to hear people say that to me all the time. I haven’t heard anybody say that lately. Everybody’s having fun in this market … at least for now.</p>\n<p>Most traders will tell you that they are “just trading the market that is in front of them.” Well, I don’t know when the bubble will pop, but I do know that I don’t want to be on the wrong side of this market when it does. And I do know that we won’t know the bubble has really popped until the self-reinforcing reflexive feedback loop has made it painful for the vast majority of people who are right now feeling wealthy, feeling secure, feeling like they’ve got this trading and investing thing all figured out.</p>\n<p>We are all fallible. Be careful while it’s fun. Be bold when it’s painful. That’s how I’ve done it for the last 25 years. We were boldly buying these assets when it was painful for others. I’m careful right now because everybody else is having fun.</p>\n<p>I spend a lot of time looking for new ideas and I won’t let my overall market outlook deter me from buying a new name or two. But I want to remain overall cautious and less aggressive than I have been for most of the last decade.</p>\n<p>As a matter of fact,&nbsp;I might have at least a couple Trade Alerts that I’ll be sending out this week, one long and one short idea. Being flexible, see?</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/its-time-to-be-smart-like-soros-in-the-blow-off-stage-of-the-bull-market-in-stocks-11623788897?siteid=yhoof2><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you’re an investor, you need to be flexible, neither a bull nor a bear.\nIt takes brains and brawn to be an investor these days. (Photo by Isaac Lawrence/AFP via Getty Images)\nI don’t know when what...</p>\n\n<a href=\"https://www.marketwatch.com/story/its-time-to-be-smart-like-soros-in-the-blow-off-stage-of-the-bull-market-in-stocks-11623788897?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/its-time-to-be-smart-like-soros-in-the-blow-off-stage-of-the-bull-market-in-stocks-11623788897?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182315358","content_text":"If you’re an investor, you need to be flexible, neither a bull nor a bear.\nIt takes brains and brawn to be an investor these days. (Photo by Isaac Lawrence/AFP via Getty Images)\nI don’t know when what I call the Blow-Off Top of the Bubble-Blowing Bull Market will end.\nAfter 12 years being long and strong and having diamond hands without even knowing that term existed, maybe I’m wrong to turn more cautious.\nMaybe the economy will reopen and rejuvenate the country in such a strong manner that corporate earnings in 2022 and 2023 will make today’s prices seem like bargains.\nBut I simply don’t think that’s the most likely outcome.\nAnd if I’m right that we’re in the throes of the Blow-Off Top of the Bubble-Blowing Bull Market, I do not want to be overly long and on the wrong side of the great unwind when it does start.\nI’m not calling for a near-term crash. I am saying that it’s likely going to be hard for the bulls to make as much money this year as they did last year.\nTrading and investing are tough. There’s always someone on the other side of every trade you make. Always think about who that is and why they are willing to take the other side of your transaction. When you buy, why are they selling it to you at that price? When you sell, who is buying it from you and what are their motivations? Remember, I’ve talked before about how good analysis starts with empathy.\nIf I’m selling, who’s buying — and why?\nSo let’s answer this question right now. Who is buying stocks and cryptos from me when I’ve trimmed and sold for the past month or so? Sure, there are banks and institutions and hedge funds and family offices investing and trading, just as always. On the other hand, remember two years ago when I got back from a hedge fund investment conference in Abu Dhabi and everybody was desperate for returns:\nAmid low interest rates and other investors’ focus on options, credit and currencies, “the lack of focus on traditional stocks and funds that invest in publicly traded stocks makes me think that there is probably more opportunity in such assets than people realize. I certainly see some very compelling long ideas in Revolutionary companies like WORK and TWTR and TSLA.”\nSince that post, back a year and a half ago, Slack went from $21 to being bought out at $45, Twitter went from $27 to $61, and Tesla went from $81 to $616. And funds that were looking everywhere but in the stock market for big gains are … well, pretty much in the markets now and long a bunch of stocks and even long a few cryptos.\nAnd now that those stocks and cryptos and most other assets have gone parabolic in the past year — coming on top of the 10-year bull market — the billion-dollar fund managers are joined by 23-year-old TikTok influencers doing bitcoin trading astrology.\nYes, for real, and she’s very popular. She’s even been right about some of bitcoin’s action in the past few months! If you’re selling cryptos and fintech stocks right now, you’re selling to her and her followers. And also to my friend’s son, who just graduated from a tiny, rural school and whose unemployed uncle gave him $500 to “buy some cryptos. And make sure you get some fintech. I don’t know the symbol, but just look it up and you’ll do fine over the long run.” Bearish anecdotes everywhere I look, as I wrote recently.\nMr. Market\nThe other thing to remember about who’s on the other side of your trade is always to remember that there are smart, cutthroat traders and investors who went to the best schools and have access to more research and real-time data and instant trading access to all kinds of derivatives to layer into their bets. And the only thing they do all day, every day, is figure out how to take your money in mostly legal ways. They’re not playing around. They have no sympathy for you, even if they might empathize with you to better understand your motivations to better take your money.\nMr. Market is mean. He’s not nice. He can be cruel. He can force liquidations that create other liquidations. He can shut off access to capital. He can take down 200-year-old banks in a day. In one day.\nSometimes the markets lead the economy and not the other way around. Ironically, when we were young, we were taught that the Great Depression started when the stock market crashed on Black Friday in 1929. But then when we get older, we were taught that it wasn’t actually the crash that created the Great Depression, rather the economy was already crashing and the stock market just didn’t realize it as it continued on its merry way toward a terrible Blow-Off Top of a nine-year Bubble-Blowing Bull Market that culminated with the Dow Jones Industrial Average up 400% from the 1921 lows to the 1929 highs.\n\nLearning from Soros\nBut looking back, it’s clear that both theories are equally right and wrong — the market crashed because the economy wasn’t as good as the market thought it was,andthe economy crashed because the markets shut down access to capital for investment and growth.\nIt was “reflexive,” to borrow a term from the great hedge fund manager George Soros.\nHe wrote, and the concept is important to understand:\n“I continued to consider myself a failed philosopher. All this changed as a result of the financial crisis of 2008. My conceptual framework enabled me both to anticipate the crisis and to deal with it when it finally struck…\n“I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the participants’ view of the world is always partial and distorted. That is the principle of fallibility. The other is that these distorted views can influence the situation to which they relate because false views lead to inappropriate actions. That is the principle of reflexivity…\n“Recognizing reflexivity has been sacrificed to the vain pursuit of certainty in human affairs, most notably in economics, and yet, uncertainty is the key feature of human affairs. Economic theory is built on the concept of equilibrium, and that concept is in direct contradiction with the concept of reflexivity…\n“A positive feedback process is self-reinforcing. It cannot go on forever because eventually the participants’ views would become so far removed from objective reality that the participants would have to recognize them as unrealistic. Nor can the iterative process occur without any change in the actual state of affairs, because it is in the nature of positive feedback that it reinforces whatever tendency prevails in the real world. Instead of equilibrium, we are faced with a dynamic disequilibrium or what may be described as far-from-equilibrium conditions. Usually in far-from-equilibrium situations the divergence between perceptions and reality leads to a climax which sets in motion a positive feedback process in the opposite direction. Such initially self-reinforcing but eventually self-defeating boom-bust processes or bubbles are characteristic of financial markets, but they can also be found in other spheres. There, I call them fertile fallacies—interpretations of reality that are distorted, yet produce results which reinforce the distortion.”\nStay flexible\nFar-from-equilibrium conditions was what we had in 2010-2013 when we loaded up on Revolutionary stocks and started buying cryptos like bitcoin. Far-from-equilibrium conditions might be what we have in front of us right now when I suggest getting cautious instead.\nWe don’t want to be permabulls. (You for sure don’t want to be a permabear!) We have to be flexible. We have to let our analysis and risk/reward scenarios dictate how much risk we’re taking and when. We have to pay attention to the cycles, the self-reinforcing cycles that drive economies and markets and valuations and earnings and societal interactions and bailouts and financial crises and bubbles and busts and, heaven forbid, just simple stagnation.\nIt’s as if everybody forgets that markets can bubble and crash and stagnate. They forget that markets can grind for years on end without making new highs, or without even making higher highs. Do you not remember telling your money manager sometime in 2010-2012 that “If I’d just handled the Great Financial Crisis (and/or the Dot-Com Crash) a little better, I’d be in better shape.” I used to hear people say that to me all the time. I haven’t heard anybody say that lately. Everybody’s having fun in this market … at least for now.\nMost traders will tell you that they are “just trading the market that is in front of them.” Well, I don’t know when the bubble will pop, but I do know that I don’t want to be on the wrong side of this market when it does. And I do know that we won’t know the bubble has really popped until the self-reinforcing reflexive feedback loop has made it painful for the vast majority of people who are right now feeling wealthy, feeling secure, feeling like they’ve got this trading and investing thing all figured out.\nWe are all fallible. Be careful while it’s fun. Be bold when it’s painful. That’s how I’ve done it for the last 25 years. We were boldly buying these assets when it was painful for others. I’m careful right now because everybody else is having fun.\nI spend a lot of time looking for new ideas and I won’t let my overall market outlook deter me from buying a new name or two. But I want to remain overall cautious and less aggressive than I have been for most of the last decade.\nAs a matter of fact, I might have at least a couple Trade Alerts that I’ll be sending out this week, one long and one short idea. Being flexible, see?","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186618688,"gmtCreate":1623491185344,"gmtModify":1704205045625,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186618688","repostId":"180505347","repostType":1,"repost":{"id":180505347,"gmtCreate":1623210080885,"gmtModify":1704198429700,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【7週年有獎隨手拍】老虎，無處不在！","htmlText":"親愛的虎友們，在大家的陪伴下，老虎證券迎來7週歲啦！<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a> 首先要感謝各位的信任與支持，願有虎同行的日子裏，你的投資之路更順暢[比心] 自古以來，老虎就有“萬獸之王”的美譽，是勇敢和權威的象徵！據說，還有一層“祈福”的寓意呢 現在，小虎君邀請全球的虎友們來花樣曬圖，共同參與這個老虎證券大事件： 快拿起自己的手機/相機，去拍一拍你身邊的“老虎”元素吧！ （可以是老虎證券周邊、卡通虎、動物園中的猛虎、自己畫的虎……） 【可選參與方式】 在本帖“留言並轉發”，內容需包含“老虎”元素照片+描述，拍照/繪畫等形式均可； 在<a href=\"https://laohu8.com/RN?name=RNTheme&amp;page=/theme/detail&amp;rndata={&quot;themeId&quot;:&quot;ae695a2034a348d8af4936723fe6905c&quot;}\" target=\"_blank\">#老虎7週年嘉年華#</a>主題下發帖，帖子中需包含 “老虎”元素照片+描述（如果照片大於3張，可以選擇髮長帖）。 【活動時間】 6月9日-6月15日 【活動獎勵】 一等獎：老虎證券7週年限量禮盒（10份） 二等獎：777虎幣 【特別說明】 根據圖片的質量，閱讀、轉發、評論、點贊量等綜合評選； 可註明地標配合圖片獲獎機率更高； 嚴禁抄襲、剽竊，一旦發現將取消參賽資格； 活動最終解釋權歸老虎社區所有","listText":"親愛的虎友們，在大家的陪伴下，老虎證券迎來7週歲啦！<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a> 首先要感謝各位的信任與支持，願有虎同行的日子裏，你的投資之路更順暢[比心] 自古以來，老虎就有“萬獸之王”的美譽，是勇敢和權威的象徵！據說，還有一層“祈福”的寓意呢 現在，小虎君邀請全球的虎友們來花樣曬圖，共同參與這個老虎證券大事件： 快拿起自己的手機/相機，去拍一拍你身邊的“老虎”元素吧！ （可以是老虎證券周邊、卡通虎、動物園中的猛虎、自己畫的虎……） 【可選參與方式】 在本帖“留言並轉發”，內容需包含“老虎”元素照片+描述，拍照/繪畫等形式均可； 在<a href=\"https://laohu8.com/RN?name=RNTheme&amp;page=/theme/detail&amp;rndata={&quot;themeId&quot;:&quot;ae695a2034a348d8af4936723fe6905c&quot;}\" target=\"_blank\">#老虎7週年嘉年華#</a>主題下發帖，帖子中需包含 “老虎”元素照片+描述（如果照片大於3張，可以選擇髮長帖）。 【活動時間】 6月9日-6月15日 【活動獎勵】 一等獎：老虎證券7週年限量禮盒（10份） 二等獎：777虎幣 【特別說明】 根據圖片的質量，閱讀、轉發、評論、點贊量等綜合評選； 可註明地標配合圖片獲獎機率更高； 嚴禁抄襲、剽竊，一旦發現將取消參賽資格； 活動最終解釋權歸老虎社區所有","text":"親愛的虎友們，在大家的陪伴下，老虎證券迎來7週歲啦！$老虎證券(TIGR)$ 首先要感謝各位的信任與支持，願有虎同行的日子裏，你的投資之路更順暢[比心] 自古以來，老虎就有“萬獸之王”的美譽，是勇敢和權威的象徵！據說，還有一層“祈福”的寓意呢 現在，小虎君邀請全球的虎友們來花樣曬圖，共同參與這個老虎證券大事件： 快拿起自己的手機/相機，去拍一拍你身邊的“老虎”元素吧！ （可以是老虎證券周邊、卡通虎、動物園中的猛虎、自己畫的虎……） 【可選參與方式】 在本帖“留言並轉發”，內容需包含“老虎”元素照片+描述，拍照/繪畫等形式均可； 在#老虎7週年嘉年華#主題下發帖，帖子中需包含 “老虎”元素照片+描述（如果照片大於3張，可以選擇髮長帖）。 【活動時間】 6月9日-6月15日 【活動獎勵】 一等獎：老虎證券7週年限量禮盒（10份） 二等獎：777虎幣 【特別說明】 根據圖片的質量，閱讀、轉發、評論、點贊量等綜合評選； 可註明地標配合圖片獲獎機率更高； 嚴禁抄襲、剽竊，一旦發現將取消參賽資格； 活動最終解釋權歸老虎社區所有","images":[{"img":"https://static.tigerbbs.com/6ae026f4fde76cda6d32eee903bc1f68","width":"1134","height":"709"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180505347","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186618065,"gmtCreate":1623491119057,"gmtModify":1704205044651,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186618065","repostId":"183608322","repostType":1,"repost":{"id":183608322,"gmtCreate":1623326020961,"gmtModify":1704200915220,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【愛回收上市】分享交易體驗，贏京東E卡！","htmlText":"萬物新生集團是一家“互聯網+環保”類型的循環經濟企業，中概股ESG（環境、社會和治理）第一股，京東生態的重要企業，旗下業務線包括愛回收、拍機堂、拍拍和AHS Device橫跨產業鏈供需兩端，服務覆蓋從回收、檢測、評級、定價到再銷售的全流程。 萬物新生（愛回收）上市之際， 本帖下評論使用愛回收/拍拍的購物or交易體驗，隨機抽取走心評論10名，每人獲得100元京東E卡一張！！！😍😍 活動時間：6月12日-6月18日 大家快快在下面評論吧！！京東E卡說不定就是你的啦~😜 <a href=\"https://www.itiger.com/activity/market/2021/ipo-aihuishou/#/\" target=\"_blank\">萬物新生（愛回收）上市聯合活動傳送門&gt;&gt;</a>","listText":"萬物新生集團是一家“互聯網+環保”類型的循環經濟企業，中概股ESG（環境、社會和治理）第一股，京東生態的重要企業，旗下業務線包括愛回收、拍機堂、拍拍和AHS Device橫跨產業鏈供需兩端，服務覆蓋從回收、檢測、評級、定價到再銷售的全流程。 萬物新生（愛回收）上市之際， 本帖下評論使用愛回收/拍拍的購物or交易體驗，隨機抽取走心評論10名，每人獲得100元京東E卡一張！！！😍😍 活動時間：6月12日-6月18日 大家快快在下面評論吧！！京東E卡說不定就是你的啦~😜 <a href=\"https://www.itiger.com/activity/market/2021/ipo-aihuishou/#/\" target=\"_blank\">萬物新生（愛回收）上市聯合活動傳送門&gt;&gt;</a>","text":"萬物新生集團是一家“互聯網+環保”類型的循環經濟企業，中概股ESG（環境、社會和治理）第一股，京東生態的重要企業，旗下業務線包括愛回收、拍機堂、拍拍和AHS Device橫跨產業鏈供需兩端，服務覆蓋從回收、檢測、評級、定價到再銷售的全流程。 萬物新生（愛回收）上市之際， 本帖下評論使用愛回收/拍拍的購物or交易體驗，隨機抽取走心評論10名，每人獲得100元京東E卡一張！！！😍😍 活動時間：6月12日-6月18日 大家快快在下面評論吧！！京東E卡說不定就是你的啦~😜 萬物新生（愛回收）上市聯合活動傳送門>>","images":[{"img":"https://static.tigerbbs.com/25c6cfef7dbf2afab24fb484275640a3","width":"607","height":"493"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183608322","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186613252,"gmtCreate":1623491034976,"gmtModify":1704205042870,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186613252","repostId":"181890541","repostType":1,"repost":{"id":181890541,"gmtCreate":1623382661279,"gmtModify":1704202157378,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【七週年有獎活動】老虎大搜查","htmlText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/a68764092316d627481e92e568cf659c","width":"1030","height":"598"},{"img":"https://static.tigerbbs.com/78fc7ba04a357f5a1bc9cf142a9cb39f","width":"1334","height":"1204"},{"img":"https://static.tigerbbs.com/81a49a419aa2c089abf33db97c300fba","width":"3840","height":"2560"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181890541","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186613942,"gmtCreate":1623490997886,"gmtModify":1704205041901,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186613942","repostId":"181263587","repostType":1,"repost":{"id":181263587,"gmtCreate":1623396916544,"gmtModify":1704202488841,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"老虎七週年，七重好禮等你拿！","htmlText":"\n \n \n  親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a>七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜 <a href=\"https://laohu8.com/TW/114093620\" target=\"_blank\">【活動一】7年，你在老虎賺了多少錢？</a> <a href=\"https://laohu8.com/TW/117158534\" target=\"_blank\">【活動二】積分商城比心大促，三重好禮享不停！</a> <a href=\"https://laohu8.com/TW/180505347\" target=\"_blank\">【活動三】老虎，無處不在！</a> <a href=\"https://laohu8.com/TW/183071398\" target=\"_blank\">【活動四】猜老虎收盤價，贏7週年禮盒！</a>\n \n","listText":"親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a>七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜 <a href=\"https://laohu8.com/TW/114093620\" target=\"_blank\">【活動一】7年，你在老虎賺了多少錢？</a> <a href=\"https://laohu8.com/TW/117158534\" target=\"_blank\">【活動二】積分商城比心大促，三重好禮享不停！</a> <a href=\"https://laohu8.com/TW/180505347\" target=\"_blank\">【活動三】老虎，無處不在！</a> <a href=\"https://laohu8.com/TW/183071398\" target=\"_blank\">【活動四】猜老虎收盤價，贏7週年禮盒！</a>","text":"親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open Day 見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：老虎七週年：在全球與你不期而遇七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜 【活動一】7年，你在老虎賺了多少錢？ 【活動二】積分商城比心大促，三重好禮享不停！ 【活動三】老虎，無處不在！ 【活動四】猜老虎收盤價，贏7週年禮盒！","images":[{"img":"https://static.tigerbbs.com/50bff157ec83f6b1de138725acb06b80","width":"0","height":"0"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181263587","isVote":1,"tweetType":2,"object":{"id":"a351d8246f484949a8b1faa203cbd0ba","tweetId":"181263587","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/1f1d15c03701925919200523485/hqMhAw6R8fAA.mp4","poster":"https://static.tigerbbs.com/50bff157ec83f6b1de138725acb06b80"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186619652,"gmtCreate":1623490950176,"gmtModify":1704205041090,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186619652","repostId":"186388851","repostType":1,"repost":{"id":186388851,"gmtCreate":1623473793070,"gmtModify":1704204650938,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"分享老虎七週年精彩瞬間，獲取隨機虎幣打賞！","htmlText":"\n \n \n  在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 <a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a> @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! <a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">戳我圍觀直播</a>悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40&nbsp;四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。\n \n","listText":"在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 <a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a> @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! <a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">戳我圍觀直播</a>悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40&nbsp;四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。","text":"在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 @小虎活動 @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! 戳我圍觀直播悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40 四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186388851","isVote":1,"tweetType":2,"object":{"id":"937288312ea942aea7d36787b274aa53","tweetId":"186388851","videoUrl":"https://1254107296.vod2.myqcloud.com/27e1f7ecvodtransgzp1254107296/43f117a63701925919089160461/v.f30.mp4","poster":"https://static.tigerbbs.com/cf4274e70584942c828dcdfe5d150800"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":169120694,"gmtCreate":1623822535818,"gmtModify":1703820555873,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Googlick","listText":"Googlick","text":"Googlick","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/169120694","repostId":"1182315358","repostType":4,"repost":{"id":"1182315358","pubTimestamp":1623814338,"share":"https://www.laohu8.com/m/news/1182315358?lang=&edition=full","pubTime":"2021-06-16 11:32","market":"us","language":"en","title":"It’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1182315358","media":"MarketWatch","summary":"If you’re an investor, you need to be flexible, neither a bull nor a bear.\nIt takes brains and brawn","content":"<p>If you’re an investor, you need to be flexible, neither a bull nor a bear.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/724d1ea0bb18bddb367c79abf08c1af9\" tg-width=\"1260\" tg-height=\"841\"><span>It takes brains and brawn to be an investor these days. (Photo by Isaac Lawrence/AFP via Getty Images)</span></p>\n<p>I don’t know when what I call the Blow-Off Top of the Bubble-Blowing Bull Market will end.</p>\n<p>After 12 years being long and strong and having diamond hands without even knowing that term existed, maybe I’m wrong to turn more cautious.</p>\n<p>Maybe the economy will reopen and rejuvenate the country in such a strong manner that corporate earnings in 2022 and 2023 will make today’s prices seem like bargains.</p>\n<p>But I simply don’t think that’s the most likely outcome.</p>\n<p>And if I’m right that we’re in the throes of the Blow-Off Top of the Bubble-Blowing Bull Market, I do not want to be overly long and on the wrong side of the great unwind when it does start.</p>\n<p>I’m not calling for a near-term crash. I am saying that it’s likely going to be hard for the bulls to make as much money this year as they did last year.</p>\n<p>Trading and investing are tough. There’s always someone on the other side of every trade you make. Always think about who that is and why they are willing to take the other side of your transaction. When you buy, why are they selling it to you at that price? When you sell, who is buying it from you and what are their motivations? Remember, I’ve talked before about how&nbsp;good analysis starts with empathy.</p>\n<p><b>If I’m selling, who’s buying — and why?</b></p>\n<p>So let’s answer this question right now. Who is buying stocks and cryptos from me when I’ve trimmed and sold for the past month or so? Sure, there are banks and institutions and hedge funds and family offices investing and trading, just as always. On the other hand, remember two years ago when I got back from a hedge fund investment conference&nbsp;in Abu Dhabi and everybody was desperate for returns:</p>\n<p>Amid low interest rates and other investors’ focus on options, credit and currencies, “the lack of focus on traditional stocks and funds that invest in publicly traded stocks makes me think that there is probably more opportunity in such assets than people realize. I certainly see some very compelling long ideas in Revolutionary companies like WORK and TWTR and TSLA.”</p>\n<p>Since that post, back a year and a half ago, Slack&nbsp;went from $21 to being bought out at $45, Twitter&nbsp;went from $27 to $61, and Tesla&nbsp;went from $81 to $616. And funds that were looking everywhere but in the stock market for big gains are … well, pretty much in the markets now and long a bunch of stocks and even long a few cryptos.</p>\n<p>And now that those stocks and cryptos and most other assets have gone parabolic in the past year — coming on top of the 10-year bull market — the billion-dollar fund managers are joined by&nbsp;23-year-old TikTok influencers&nbsp;doing bitcoin&nbsp;trading astrology.</p>\n<p>Yes, for real, and she’s very popular. She’s even been right about some of bitcoin’s action in the past few months! If you’re selling cryptos and fintech stocks right now, you’re selling to her and her followers. And also to my friend’s son, who just graduated from a tiny, rural school and whose unemployed uncle gave him $500 to “buy some cryptos. And make sure you get some fintech. I don’t know the symbol, but just look it up and you’ll do fine over the long run.”&nbsp;Bearish anecdotes everywhere I look, as I wrote recently.</p>\n<p><b>Mr. Market</b></p>\n<p>The other thing to remember about who’s on the other side of your trade is always to remember that there are smart, cutthroat traders and investors who went to the best schools and have access to more research and real-time data and instant trading access to all kinds of derivatives to layer into their bets. And the only thing they do all day, every day, is figure out how to take your money in mostly legal ways. They’re not playing around. They have no sympathy for you, even if they might empathize with you to better understand your motivations to better take your money.</p>\n<p>Mr. Market is mean. He’s not nice. He can be cruel. He can force liquidations that create other liquidations. He can shut off access to capital. He can take down 200-year-old banks in a day. In one day.</p>\n<p>Sometimes the markets lead the economy and not the other way around. Ironically, when we were young, we were taught that the Great Depression started when the stock market crashed on Black Friday in 1929. But then when we get older, we were taught that it wasn’t actually the crash that created the Great Depression, rather the economy was already crashing and the stock market just didn’t realize it as it continued on its merry way toward a terrible Blow-Off Top of a nine-year Bubble-Blowing Bull Market that culminated with the Dow Jones Industrial Average&nbsp;up 400% from the 1921 lows to the 1929 highs.</p>\n<p><img src=\"https://static.tigerbbs.com/3a6516337aacc614d83584ea90e174f2\" tg-width=\"1260\" tg-height=\"870\"></p>\n<p><b>Learning from Soros</b></p>\n<p>But looking back, it’s clear that both theories are equally right and wrong — the market crashed because the economy wasn’t as good as the market thought it was,<i>and</i>the economy crashed because the markets shut down access to capital for investment and growth.</p>\n<p>It was “reflexive,” to borrow a term from the great hedge fund manager&nbsp;George Soros.</p>\n<p>He wrote, and the concept is important to understand:</p>\n<p>“I continued to consider myself a failed philosopher. All this changed as a result of the financial crisis of 2008. My conceptual framework enabled me both to anticipate the crisis and to deal with it when it finally struck…</p>\n<p>“I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the participants’ view of the world is always partial and distorted. That is the principle of fallibility. The other is that these distorted views can influence the situation to which they relate because false views lead to inappropriate actions. That is the principle of reflexivity…</p>\n<p>“Recognizing reflexivity has been sacrificed to the vain pursuit of certainty in human affairs, most notably in economics, and yet, uncertainty is the key feature of human affairs. Economic theory is built on the concept of equilibrium, and that concept is in direct contradiction with the concept of reflexivity…</p>\n<p>“A positive feedback process is self-reinforcing. It cannot go on forever because eventually the participants’ views would become so far removed from objective reality that the participants would have to recognize them as unrealistic. Nor can the iterative process occur without any change in the actual state of affairs, because it is in the nature of positive feedback that it reinforces whatever tendency prevails in the real world. Instead of equilibrium, we are faced with a dynamic disequilibrium or what may be described as far-from-equilibrium conditions. Usually in far-from-equilibrium situations the divergence between perceptions and reality leads to a climax which sets in motion a positive feedback process in the opposite direction. Such initially self-reinforcing but eventually self-defeating boom-bust processes or bubbles are characteristic of financial markets, but they can also be found in other spheres. There, I call them fertile fallacies—interpretations of reality that are distorted, yet produce results which reinforce the distortion.”</p>\n<p>Stay flexible</p>\n<p>Far-from-equilibrium conditions was what we had in 2010-2013 when we loaded up on Revolutionary stocks and started buying cryptos like bitcoin. Far-from-equilibrium conditions might be what we have in front of us right now when I suggest getting cautious instead.</p>\n<p>We don’t want to be permabulls. (You for sure don’t want to be a permabear!) We have to be flexible. We have to let our analysis and risk/reward scenarios dictate how much risk we’re taking and when. We have to pay attention to the cycles, the self-reinforcing cycles that drive economies and markets and valuations and earnings and societal interactions and bailouts and financial crises and bubbles and busts and, heaven forbid, just simple stagnation.</p>\n<p>It’s as if everybody forgets that markets can bubble and crash and stagnate. They forget that markets can grind for years on end without making new highs, or without even making higher highs. Do you not remember telling your money manager sometime in 2010-2012 that “If I’d just handled the Great Financial Crisis (and/or the Dot-Com Crash) a little better, I’d be in better shape.” I used to hear people say that to me all the time. I haven’t heard anybody say that lately. Everybody’s having fun in this market … at least for now.</p>\n<p>Most traders will tell you that they are “just trading the market that is in front of them.” Well, I don’t know when the bubble will pop, but I do know that I don’t want to be on the wrong side of this market when it does. And I do know that we won’t know the bubble has really popped until the self-reinforcing reflexive feedback loop has made it painful for the vast majority of people who are right now feeling wealthy, feeling secure, feeling like they’ve got this trading and investing thing all figured out.</p>\n<p>We are all fallible. Be careful while it’s fun. Be bold when it’s painful. That’s how I’ve done it for the last 25 years. We were boldly buying these assets when it was painful for others. I’m careful right now because everybody else is having fun.</p>\n<p>I spend a lot of time looking for new ideas and I won’t let my overall market outlook deter me from buying a new name or two. But I want to remain overall cautious and less aggressive than I have been for most of the last decade.</p>\n<p>As a matter of fact,&nbsp;I might have at least a couple Trade Alerts that I’ll be sending out this week, one long and one short idea. Being flexible, see?</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s time to be smart like Soros in the ‘blow-off’ stage of the bull market in stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/its-time-to-be-smart-like-soros-in-the-blow-off-stage-of-the-bull-market-in-stocks-11623788897?siteid=yhoof2><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you’re an investor, you need to be flexible, neither a bull nor a bear.\nIt takes brains and brawn to be an investor these days. (Photo by Isaac Lawrence/AFP via Getty Images)\nI don’t know when what...</p>\n\n<a href=\"https://www.marketwatch.com/story/its-time-to-be-smart-like-soros-in-the-blow-off-stage-of-the-bull-market-in-stocks-11623788897?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/its-time-to-be-smart-like-soros-in-the-blow-off-stage-of-the-bull-market-in-stocks-11623788897?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182315358","content_text":"If you’re an investor, you need to be flexible, neither a bull nor a bear.\nIt takes brains and brawn to be an investor these days. (Photo by Isaac Lawrence/AFP via Getty Images)\nI don’t know when what I call the Blow-Off Top of the Bubble-Blowing Bull Market will end.\nAfter 12 years being long and strong and having diamond hands without even knowing that term existed, maybe I’m wrong to turn more cautious.\nMaybe the economy will reopen and rejuvenate the country in such a strong manner that corporate earnings in 2022 and 2023 will make today’s prices seem like bargains.\nBut I simply don’t think that’s the most likely outcome.\nAnd if I’m right that we’re in the throes of the Blow-Off Top of the Bubble-Blowing Bull Market, I do not want to be overly long and on the wrong side of the great unwind when it does start.\nI’m not calling for a near-term crash. I am saying that it’s likely going to be hard for the bulls to make as much money this year as they did last year.\nTrading and investing are tough. There’s always someone on the other side of every trade you make. Always think about who that is and why they are willing to take the other side of your transaction. When you buy, why are they selling it to you at that price? When you sell, who is buying it from you and what are their motivations? Remember, I’ve talked before about how good analysis starts with empathy.\nIf I’m selling, who’s buying — and why?\nSo let’s answer this question right now. Who is buying stocks and cryptos from me when I’ve trimmed and sold for the past month or so? Sure, there are banks and institutions and hedge funds and family offices investing and trading, just as always. On the other hand, remember two years ago when I got back from a hedge fund investment conference in Abu Dhabi and everybody was desperate for returns:\nAmid low interest rates and other investors’ focus on options, credit and currencies, “the lack of focus on traditional stocks and funds that invest in publicly traded stocks makes me think that there is probably more opportunity in such assets than people realize. I certainly see some very compelling long ideas in Revolutionary companies like WORK and TWTR and TSLA.”\nSince that post, back a year and a half ago, Slack went from $21 to being bought out at $45, Twitter went from $27 to $61, and Tesla went from $81 to $616. And funds that were looking everywhere but in the stock market for big gains are … well, pretty much in the markets now and long a bunch of stocks and even long a few cryptos.\nAnd now that those stocks and cryptos and most other assets have gone parabolic in the past year — coming on top of the 10-year bull market — the billion-dollar fund managers are joined by 23-year-old TikTok influencers doing bitcoin trading astrology.\nYes, for real, and she’s very popular. She’s even been right about some of bitcoin’s action in the past few months! If you’re selling cryptos and fintech stocks right now, you’re selling to her and her followers. And also to my friend’s son, who just graduated from a tiny, rural school and whose unemployed uncle gave him $500 to “buy some cryptos. And make sure you get some fintech. I don’t know the symbol, but just look it up and you’ll do fine over the long run.” Bearish anecdotes everywhere I look, as I wrote recently.\nMr. Market\nThe other thing to remember about who’s on the other side of your trade is always to remember that there are smart, cutthroat traders and investors who went to the best schools and have access to more research and real-time data and instant trading access to all kinds of derivatives to layer into their bets. And the only thing they do all day, every day, is figure out how to take your money in mostly legal ways. They’re not playing around. They have no sympathy for you, even if they might empathize with you to better understand your motivations to better take your money.\nMr. Market is mean. He’s not nice. He can be cruel. He can force liquidations that create other liquidations. He can shut off access to capital. He can take down 200-year-old banks in a day. In one day.\nSometimes the markets lead the economy and not the other way around. Ironically, when we were young, we were taught that the Great Depression started when the stock market crashed on Black Friday in 1929. But then when we get older, we were taught that it wasn’t actually the crash that created the Great Depression, rather the economy was already crashing and the stock market just didn’t realize it as it continued on its merry way toward a terrible Blow-Off Top of a nine-year Bubble-Blowing Bull Market that culminated with the Dow Jones Industrial Average up 400% from the 1921 lows to the 1929 highs.\n\nLearning from Soros\nBut looking back, it’s clear that both theories are equally right and wrong — the market crashed because the economy wasn’t as good as the market thought it was,andthe economy crashed because the markets shut down access to capital for investment and growth.\nIt was “reflexive,” to borrow a term from the great hedge fund manager George Soros.\nHe wrote, and the concept is important to understand:\n“I continued to consider myself a failed philosopher. All this changed as a result of the financial crisis of 2008. My conceptual framework enabled me both to anticipate the crisis and to deal with it when it finally struck…\n“I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the participants’ view of the world is always partial and distorted. That is the principle of fallibility. The other is that these distorted views can influence the situation to which they relate because false views lead to inappropriate actions. That is the principle of reflexivity…\n“Recognizing reflexivity has been sacrificed to the vain pursuit of certainty in human affairs, most notably in economics, and yet, uncertainty is the key feature of human affairs. Economic theory is built on the concept of equilibrium, and that concept is in direct contradiction with the concept of reflexivity…\n“A positive feedback process is self-reinforcing. It cannot go on forever because eventually the participants’ views would become so far removed from objective reality that the participants would have to recognize them as unrealistic. Nor can the iterative process occur without any change in the actual state of affairs, because it is in the nature of positive feedback that it reinforces whatever tendency prevails in the real world. Instead of equilibrium, we are faced with a dynamic disequilibrium or what may be described as far-from-equilibrium conditions. Usually in far-from-equilibrium situations the divergence between perceptions and reality leads to a climax which sets in motion a positive feedback process in the opposite direction. Such initially self-reinforcing but eventually self-defeating boom-bust processes or bubbles are characteristic of financial markets, but they can also be found in other spheres. There, I call them fertile fallacies—interpretations of reality that are distorted, yet produce results which reinforce the distortion.”\nStay flexible\nFar-from-equilibrium conditions was what we had in 2010-2013 when we loaded up on Revolutionary stocks and started buying cryptos like bitcoin. Far-from-equilibrium conditions might be what we have in front of us right now when I suggest getting cautious instead.\nWe don’t want to be permabulls. (You for sure don’t want to be a permabear!) We have to be flexible. We have to let our analysis and risk/reward scenarios dictate how much risk we’re taking and when. We have to pay attention to the cycles, the self-reinforcing cycles that drive economies and markets and valuations and earnings and societal interactions and bailouts and financial crises and bubbles and busts and, heaven forbid, just simple stagnation.\nIt’s as if everybody forgets that markets can bubble and crash and stagnate. They forget that markets can grind for years on end without making new highs, or without even making higher highs. Do you not remember telling your money manager sometime in 2010-2012 that “If I’d just handled the Great Financial Crisis (and/or the Dot-Com Crash) a little better, I’d be in better shape.” I used to hear people say that to me all the time. I haven’t heard anybody say that lately. Everybody’s having fun in this market … at least for now.\nMost traders will tell you that they are “just trading the market that is in front of them.” Well, I don’t know when the bubble will pop, but I do know that I don’t want to be on the wrong side of this market when it does. And I do know that we won’t know the bubble has really popped until the self-reinforcing reflexive feedback loop has made it painful for the vast majority of people who are right now feeling wealthy, feeling secure, feeling like they’ve got this trading and investing thing all figured out.\nWe are all fallible. Be careful while it’s fun. Be bold when it’s painful. That’s how I’ve done it for the last 25 years. We were boldly buying these assets when it was painful for others. I’m careful right now because everybody else is having fun.\nI spend a lot of time looking for new ideas and I won’t let my overall market outlook deter me from buying a new name or two. But I want to remain overall cautious and less aggressive than I have been for most of the last decade.\nAs a matter of fact, I might have at least a couple Trade Alerts that I’ll be sending out this week, one long and one short idea. Being flexible, see?","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149629929,"gmtCreate":1625723652261,"gmtModify":1703747156345,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Not yet. Gonna buy the dip","listText":"Not yet. Gonna buy the dip","text":"Not yet. Gonna buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149629929","repostId":"2149313796","repostType":4,"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149629562,"gmtCreate":1625723689456,"gmtModify":1703747157482,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Because they bought stairs","listText":"Because they bought stairs","text":"Because they bought stairs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149629562","repostId":"1140881081","repostType":4,"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156228545,"gmtCreate":1625226408987,"gmtModify":1703738774064,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>VR/AR Tech company. Good to invest for long term.&nbsp;","listText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>VR/AR Tech company. Good to invest for long term.&nbsp;","text":"$Glimpse Group Inc(VRAR)$VR/AR Tech company. Good to invest for long term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/156228545","isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584005798258086","authorId":"3584005798258086","name":"5830fe1a","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"content":"Have you studied this stock in depth?","text":"Have you studied this stock in depth?","html":"Have you studied this stock in depth?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149667092,"gmtCreate":1625723518916,"gmtModify":1703747153922,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Because she is rich","listText":"Because she is rich","text":"Because she is rich","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149667092","repostId":"2149313255","repostType":4,"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151728376,"gmtCreate":1625108159195,"gmtModify":1703736319736,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Value stock","listText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Value stock","text":"$Echo Global Logistics(ECHO)$Value stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151728376","isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126316586,"gmtCreate":1624544351745,"gmtModify":1703839955801,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>To the moooonnn???","listText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>To the moooonnn???","text":"$DraftKings Inc.(DKNG)$To the moooonnn???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126316586","isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163054475,"gmtCreate":1623854469897,"gmtModify":1703821561753,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>its Euro Cup now! DKNG is online betting company! Its gonna ????","listText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>its Euro Cup now! DKNG is online betting company! Its gonna ????","text":"$DraftKings Inc.(DKNG)$its Euro Cup now! DKNG is online betting company! Its gonna ????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/163054475","isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157958049,"gmtCreate":1625561140681,"gmtModify":1703743763658,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.&nbsp;","listText":"<a href=\"https://laohu8.com/S/VRAR\">$Glimpse Group Inc(VRAR)$</a>If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.&nbsp;","text":"$Glimpse Group Inc(VRAR)$If u hold, and dont dump, price will not go down. Supply and demand.People are buying the dip to keep.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157958049","isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151712909,"gmtCreate":1625106581501,"gmtModify":1703736276804,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Valuable stock","listText":"<a href=\"https://laohu8.com/S/ECHO\">$Echo Global Logistics(ECHO)$</a>Valuable stock","text":"$Echo Global Logistics(ECHO)$Valuable stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151712909","isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169151012,"gmtCreate":1623823238136,"gmtModify":1703820573366,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169151012","repostId":"1128132038","repostType":4,"repost":{"id":"1128132038","pubTimestamp":1623820564,"share":"https://www.laohu8.com/m/news/1128132038?lang=&edition=full","pubTime":"2021-06-16 13:16","market":"hk","language":"en","title":"Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1128132038","media":"Bloomberg","summary":"Citic, Goldman Sachs, JPMorgan are helping with the offering\nWanda Light Asset is targeting first-ti","content":"<ul>\n <li>Citic, Goldman Sachs, JPMorgan are helping with the offering</li>\n <li>Wanda Light Asset is targeting first-time share sale this year</li>\n</ul>\n<p>Dalian Wanda Group Co.’s commercial property management unit has started preparations with banks for its Hong Kong initial public offering, which could raise about $3 billion, according to people familiar with the matter.</p>\n<p>Citic Securities Co.,Goldman Sachs Group Inc.&nbsp;and&nbsp;JPMorgan Chase &amp; Co.&nbsp;are working withWanda Light Asset Commercial Management Co.to prepare for the first-time share sale, the people said. The offering could happen as soon as this year, said the people, who asked not to be identified as the information is private.</p>\n<p>A Hong Kong IPO would come after the commercial property management firm&nbsp;withdrew&nbsp;its A-share listing in March, adding it will restructure its “asset light” commercial operation and go public at home and abroad as soon as possible. Wanda Light Asset is looking to raise about 20 billion yuan ($3.1 billion) in a pre-IPO funding round, in which more than 20 investors have expressed interest, Bloomberg News&nbsp;reported&nbsp;last month.</p>\n<p>Wanda Light Asset primarily operates and manages its parent’s Wanda Plaza commercial complexes, including 368 in operation and another 155 under construction. In March, the local government in Zhuhai, a city in Guangdong province, invested 3 billion yuan into the unit, according to a statement at that time. The company is now headquartered in Hengqin New Area of Zhuhai.</p>\n<p>Deliberations are ongoing and more banks could be added, the people said. Representatives for Citic Securities, Goldman Sachs and JPMorgan declined to comment, while a representative for Wanda didn’t immediately respond to requests for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wanda Light Asset Gears Up for $3 Billion Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWanda Light Asset Gears Up for $3 Billion Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 13:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-16/wanda-light-asset-said-to-gear-up-for-3-billion-hong-kong-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citic, Goldman Sachs, JPMorgan are helping with the offering\nWanda Light Asset is targeting first-time share sale this year\n\nDalian Wanda Group Co.’s commercial property management unit has started ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/wanda-light-asset-said-to-gear-up-for-3-billion-hong-kong-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00169":"万达酒店发展"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/wanda-light-asset-said-to-gear-up-for-3-billion-hong-kong-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128132038","content_text":"Citic, Goldman Sachs, JPMorgan are helping with the offering\nWanda Light Asset is targeting first-time share sale this year\n\nDalian Wanda Group Co.’s commercial property management unit has started preparations with banks for its Hong Kong initial public offering, which could raise about $3 billion, according to people familiar with the matter.\nCitic Securities Co.,Goldman Sachs Group Inc. and JPMorgan Chase & Co. are working withWanda Light Asset Commercial Management Co.to prepare for the first-time share sale, the people said. The offering could happen as soon as this year, said the people, who asked not to be identified as the information is private.\nA Hong Kong IPO would come after the commercial property management firm withdrew its A-share listing in March, adding it will restructure its “asset light” commercial operation and go public at home and abroad as soon as possible. Wanda Light Asset is looking to raise about 20 billion yuan ($3.1 billion) in a pre-IPO funding round, in which more than 20 investors have expressed interest, Bloomberg News reported last month.\nWanda Light Asset primarily operates and manages its parent’s Wanda Plaza commercial complexes, including 368 in operation and another 155 under construction. In March, the local government in Zhuhai, a city in Guangdong province, invested 3 billion yuan into the unit, according to a statement at that time. The company is now headquartered in Hengqin New Area of Zhuhai.\nDeliberations are ongoing and more banks could be added, the people said. Representatives for Citic Securities, Goldman Sachs and JPMorgan declined to comment, while a representative for Wanda didn’t immediately respond to requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169120559,"gmtCreate":1623822553871,"gmtModify":1703820556362,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169120559","repostId":"1148768572","repostType":4,"repost":{"id":"1148768572","pubTimestamp":1623822306,"share":"https://www.laohu8.com/m/news/1148768572?lang=&edition=full","pubTime":"2021-06-16 13:45","market":"us","language":"en","title":"Wish Stock: Patient Investors Could Soon See $20 Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1148768572","media":"seekingalpha","summary":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce tradi","content":"<p><b>Summary</b></p>\n<ul>\n <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>\n <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>\n <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>\n <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p>\n<p><b>Overview</b></p>\n<p>ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p>\n<p>In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p>\n<p><b>The Digital Dollar Tree</b></p>\n<p>Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p>\n<p>Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p>\n<p><img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p>\n<p>Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p>\n<p>It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p>\n<p>I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p>\n<p>Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p>\n<p><b>Negative Sentiment Baked In</b></p>\n<p>Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p>\n<table>\n <tbody>\n  <tr>\n   <td>Year</td>\n   <td>2020</td>\n   <td>2019</td>\n   <td>2018</td>\n  </tr>\n  <tr>\n   <td>Revenue</td>\n   <td>$2.54B</td>\n   <td>$1.9B</td>\n   <td>$1.73B</td>\n  </tr>\n  <tr>\n   <td>Gross Profit</td>\n   <td>$1.59B</td>\n   <td>$1.46B</td>\n   <td>$1.45B</td>\n  </tr>\n  <tr>\n   <td><b>Sales and Marketing</b></td>\n   <td><b>$1.71B (+17%)</b></td>\n   <td><b>$1.46B (-7%)</b></td>\n   <td><b>$1.57B</b></td>\n  </tr>\n  <tr>\n   <td>MAUs</td>\n   <td>107M (+19%)</td>\n   <td><p>90M (+10%)</p></td>\n   <td>82M</td>\n  </tr>\n  <tr>\n   <td><b>Active Buyers</b></td>\n   <td><b>64M (+3%)</b></td>\n   <td><b>62M (-3%)</b></td>\n   <td><b>64M</b></td>\n  </tr>\n </tbody>\n</table>\n<p>*Growth (Year-over-Year)</p>\n<p>The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p>\n<p>In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p>\n<p>Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p>\n<p><b>What about the Lawsuits?</b></p>\n<p>Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p>\n<p>Short Interest - Still High</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p>\n<p>Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p>\n<p><b>The Bottom Line</b></p>\n<p>I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wish Stock: Patient Investors Could Soon See $20 Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWish Stock: Patient Investors Could Soon See $20 Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further ...</p>\n\n<a href=\"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148768572","content_text":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.\nWhile accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.\nI believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.\n\nJuSun/iStock via Getty Images\nOverview\nContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.\nIn this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.\nThe Digital Dollar Tree\nWish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.\nFrankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.\n\nNow, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.\nIt is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.\nSource: Sensor Tower\nI also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.\nWish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.\nNegative Sentiment Baked In\nWish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.\n\n\n\nYear\n2020\n2019\n2018\n\n\nRevenue\n$2.54B\n$1.9B\n$1.73B\n\n\nGross Profit\n$1.59B\n$1.46B\n$1.45B\n\n\nSales and Marketing\n$1.71B (+17%)\n$1.46B (-7%)\n$1.57B\n\n\nMAUs\n107M (+19%)\n90M (+10%)\n82M\n\n\nActive Buyers\n64M (+3%)\n62M (-3%)\n64M\n\n\n\n*Growth (Year-over-Year)\nThe largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.\nSource: Wish IR\nIn terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).\nData byYCharts\nEven after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.\nWhat about the Lawsuits?\nPerhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.\nShort Interest - Still High\nSource: Fintel\nWish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.\nThe Bottom Line\nI believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186618688,"gmtCreate":1623491185344,"gmtModify":1704205045625,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186618688","repostId":"180505347","repostType":1,"repost":{"id":180505347,"gmtCreate":1623210080885,"gmtModify":1704198429700,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【7週年有獎隨手拍】老虎，無處不在！","htmlText":"親愛的虎友們，在大家的陪伴下，老虎證券迎來7週歲啦！<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a> 首先要感謝各位的信任與支持，願有虎同行的日子裏，你的投資之路更順暢[比心] 自古以來，老虎就有“萬獸之王”的美譽，是勇敢和權威的象徵！據說，還有一層“祈福”的寓意呢 現在，小虎君邀請全球的虎友們來花樣曬圖，共同參與這個老虎證券大事件： 快拿起自己的手機/相機，去拍一拍你身邊的“老虎”元素吧！ （可以是老虎證券周邊、卡通虎、動物園中的猛虎、自己畫的虎……） 【可選參與方式】 在本帖“留言並轉發”，內容需包含“老虎”元素照片+描述，拍照/繪畫等形式均可； 在<a href=\"https://laohu8.com/RN?name=RNTheme&amp;page=/theme/detail&amp;rndata={&quot;themeId&quot;:&quot;ae695a2034a348d8af4936723fe6905c&quot;}\" target=\"_blank\">#老虎7週年嘉年華#</a>主題下發帖，帖子中需包含 “老虎”元素照片+描述（如果照片大於3張，可以選擇髮長帖）。 【活動時間】 6月9日-6月15日 【活動獎勵】 一等獎：老虎證券7週年限量禮盒（10份） 二等獎：777虎幣 【特別說明】 根據圖片的質量，閱讀、轉發、評論、點贊量等綜合評選； 可註明地標配合圖片獲獎機率更高； 嚴禁抄襲、剽竊，一旦發現將取消參賽資格； 活動最終解釋權歸老虎社區所有","listText":"親愛的虎友們，在大家的陪伴下，老虎證券迎來7週歲啦！<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a> 首先要感謝各位的信任與支持，願有虎同行的日子裏，你的投資之路更順暢[比心] 自古以來，老虎就有“萬獸之王”的美譽，是勇敢和權威的象徵！據說，還有一層“祈福”的寓意呢 現在，小虎君邀請全球的虎友們來花樣曬圖，共同參與這個老虎證券大事件： 快拿起自己的手機/相機，去拍一拍你身邊的“老虎”元素吧！ （可以是老虎證券周邊、卡通虎、動物園中的猛虎、自己畫的虎……） 【可選參與方式】 在本帖“留言並轉發”，內容需包含“老虎”元素照片+描述，拍照/繪畫等形式均可； 在<a href=\"https://laohu8.com/RN?name=RNTheme&amp;page=/theme/detail&amp;rndata={&quot;themeId&quot;:&quot;ae695a2034a348d8af4936723fe6905c&quot;}\" target=\"_blank\">#老虎7週年嘉年華#</a>主題下發帖，帖子中需包含 “老虎”元素照片+描述（如果照片大於3張，可以選擇髮長帖）。 【活動時間】 6月9日-6月15日 【活動獎勵】 一等獎：老虎證券7週年限量禮盒（10份） 二等獎：777虎幣 【特別說明】 根據圖片的質量，閱讀、轉發、評論、點贊量等綜合評選； 可註明地標配合圖片獲獎機率更高； 嚴禁抄襲、剽竊，一旦發現將取消參賽資格； 活動最終解釋權歸老虎社區所有","text":"親愛的虎友們，在大家的陪伴下，老虎證券迎來7週歲啦！$老虎證券(TIGR)$ 首先要感謝各位的信任與支持，願有虎同行的日子裏，你的投資之路更順暢[比心] 自古以來，老虎就有“萬獸之王”的美譽，是勇敢和權威的象徵！據說，還有一層“祈福”的寓意呢 現在，小虎君邀請全球的虎友們來花樣曬圖，共同參與這個老虎證券大事件： 快拿起自己的手機/相機，去拍一拍你身邊的“老虎”元素吧！ （可以是老虎證券周邊、卡通虎、動物園中的猛虎、自己畫的虎……） 【可選參與方式】 在本帖“留言並轉發”，內容需包含“老虎”元素照片+描述，拍照/繪畫等形式均可； 在#老虎7週年嘉年華#主題下發帖，帖子中需包含 “老虎”元素照片+描述（如果照片大於3張，可以選擇髮長帖）。 【活動時間】 6月9日-6月15日 【活動獎勵】 一等獎：老虎證券7週年限量禮盒（10份） 二等獎：777虎幣 【特別說明】 根據圖片的質量，閱讀、轉發、評論、點贊量等綜合評選； 可註明地標配合圖片獲獎機率更高； 嚴禁抄襲、剽竊，一旦發現將取消參賽資格； 活動最終解釋權歸老虎社區所有","images":[{"img":"https://static.tigerbbs.com/6ae026f4fde76cda6d32eee903bc1f68","width":"1134","height":"709"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180505347","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186618065,"gmtCreate":1623491119057,"gmtModify":1704205044651,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186618065","repostId":"183608322","repostType":1,"repost":{"id":183608322,"gmtCreate":1623326020961,"gmtModify":1704200915220,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【愛回收上市】分享交易體驗，贏京東E卡！","htmlText":"萬物新生集團是一家“互聯網+環保”類型的循環經濟企業，中概股ESG（環境、社會和治理）第一股，京東生態的重要企業，旗下業務線包括愛回收、拍機堂、拍拍和AHS Device橫跨產業鏈供需兩端，服務覆蓋從回收、檢測、評級、定價到再銷售的全流程。 萬物新生（愛回收）上市之際， 本帖下評論使用愛回收/拍拍的購物or交易體驗，隨機抽取走心評論10名，每人獲得100元京東E卡一張！！！😍😍 活動時間：6月12日-6月18日 大家快快在下面評論吧！！京東E卡說不定就是你的啦~😜 <a href=\"https://www.itiger.com/activity/market/2021/ipo-aihuishou/#/\" target=\"_blank\">萬物新生（愛回收）上市聯合活動傳送門&gt;&gt;</a>","listText":"萬物新生集團是一家“互聯網+環保”類型的循環經濟企業，中概股ESG（環境、社會和治理）第一股，京東生態的重要企業，旗下業務線包括愛回收、拍機堂、拍拍和AHS Device橫跨產業鏈供需兩端，服務覆蓋從回收、檢測、評級、定價到再銷售的全流程。 萬物新生（愛回收）上市之際， 本帖下評論使用愛回收/拍拍的購物or交易體驗，隨機抽取走心評論10名，每人獲得100元京東E卡一張！！！😍😍 活動時間：6月12日-6月18日 大家快快在下面評論吧！！京東E卡說不定就是你的啦~😜 <a href=\"https://www.itiger.com/activity/market/2021/ipo-aihuishou/#/\" target=\"_blank\">萬物新生（愛回收）上市聯合活動傳送門&gt;&gt;</a>","text":"萬物新生集團是一家“互聯網+環保”類型的循環經濟企業，中概股ESG（環境、社會和治理）第一股，京東生態的重要企業，旗下業務線包括愛回收、拍機堂、拍拍和AHS Device橫跨產業鏈供需兩端，服務覆蓋從回收、檢測、評級、定價到再銷售的全流程。 萬物新生（愛回收）上市之際， 本帖下評論使用愛回收/拍拍的購物or交易體驗，隨機抽取走心評論10名，每人獲得100元京東E卡一張！！！😍😍 活動時間：6月12日-6月18日 大家快快在下面評論吧！！京東E卡說不定就是你的啦~😜 萬物新生（愛回收）上市聯合活動傳送門>>","images":[{"img":"https://static.tigerbbs.com/25c6cfef7dbf2afab24fb484275640a3","width":"607","height":"493"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183608322","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186613252,"gmtCreate":1623491034976,"gmtModify":1704205042870,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186613252","repostId":"181890541","repostType":1,"repost":{"id":181890541,"gmtCreate":1623382661279,"gmtModify":1704202157378,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【七週年有獎活動】老虎大搜查","htmlText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/a68764092316d627481e92e568cf659c","width":"1030","height":"598"},{"img":"https://static.tigerbbs.com/78fc7ba04a357f5a1bc9cf142a9cb39f","width":"1334","height":"1204"},{"img":"https://static.tigerbbs.com/81a49a419aa2c089abf33db97c300fba","width":"3840","height":"2560"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181890541","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186613942,"gmtCreate":1623490997886,"gmtModify":1704205041901,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186613942","repostId":"181263587","repostType":1,"repost":{"id":181263587,"gmtCreate":1623396916544,"gmtModify":1704202488841,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"老虎七週年，七重好禮等你拿！","htmlText":"\n \n \n  親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a>七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜 <a href=\"https://laohu8.com/TW/114093620\" target=\"_blank\">【活動一】7年，你在老虎賺了多少錢？</a> <a href=\"https://laohu8.com/TW/117158534\" target=\"_blank\">【活動二】積分商城比心大促，三重好禮享不停！</a> <a href=\"https://laohu8.com/TW/180505347\" target=\"_blank\">【活動三】老虎，無處不在！</a> <a href=\"https://laohu8.com/TW/183071398\" target=\"_blank\">【活動四】猜老虎收盤價，贏7週年禮盒！</a>\n \n","listText":"親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a>七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜 <a href=\"https://laohu8.com/TW/114093620\" target=\"_blank\">【活動一】7年，你在老虎賺了多少錢？</a> <a href=\"https://laohu8.com/TW/117158534\" target=\"_blank\">【活動二】積分商城比心大促，三重好禮享不停！</a> <a href=\"https://laohu8.com/TW/180505347\" target=\"_blank\">【活動三】老虎，無處不在！</a> <a href=\"https://laohu8.com/TW/183071398\" target=\"_blank\">【活動四】猜老虎收盤價，贏7週年禮盒！</a>","text":"親愛的虎友們：自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open Day 見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播!老虎直播間：老虎七週年：在全球與你不期而遇七年來，老虎榮幸收穫了超過500萬名世界各地的用戶和數百家企業的信任。儘管我們通過虛擬的互聯網連接在一起，但每一份信任都是真實而沉甸甸的。老虎今年7歲啦，感謝來自五湖四海，世界各地的合作伙伴和朋友們發來的祝福視頻，一起回顧一下這些暖心時刻。除了視頻之外，我們還爲大家準備了7重驚喜 【活動一】7年，你在老虎賺了多少錢？ 【活動二】積分商城比心大促，三重好禮享不停！ 【活動三】老虎，無處不在！ 【活動四】猜老虎收盤價，贏7週年禮盒！","images":[{"img":"https://static.tigerbbs.com/50bff157ec83f6b1de138725acb06b80","width":"0","height":"0"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181263587","isVote":1,"tweetType":2,"object":{"id":"a351d8246f484949a8b1faa203cbd0ba","tweetId":"181263587","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/1f1d15c03701925919200523485/hqMhAw6R8fAA.mp4","poster":"https://static.tigerbbs.com/50bff157ec83f6b1de138725acb06b80"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186619652,"gmtCreate":1623490950176,"gmtModify":1704205041090,"author":{"id":"3578741832004353","authorId":"3578741832004353","name":"DSNjib","avatar":"https://static.tigerbbs.com/5577b036c72ce85b3b60ecec13ce2fbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186619652","repostId":"186388851","repostType":1,"repost":{"id":186388851,"gmtCreate":1623473793070,"gmtModify":1704204650938,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"分享老虎七週年精彩瞬間，獲取隨機虎幣打賞！","htmlText":"\n \n \n  在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 <a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a> @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! <a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">戳我圍觀直播</a>悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40&nbsp;四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。\n \n","listText":"在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 <a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a> @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! <a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">戳我圍觀直播</a>悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40&nbsp;四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。","text":"在活動現場的虎友，歡迎大家分享你在老虎七週年活動現場的照片，即可獲得66-666虎幣隨機打賞~更有機會贏小虎玩偶，馬克杯等周邊獎品。【活動時間】2021年6月12日【參與方式】歡迎大家在本帖“留言並轉發”參與活動，或者在“老虎七週年嘉年華”主題下發帖，曬出你在現場的活動圖，並艾特 @小虎活動 @小虎AV即可參與【活動獎勵】凡是按照規則分享活動照片即可獲得66-666虎幣隨機打賞，我們還會隨機選出幸運虎友贈予小虎玩偶，或者馬克杯等周邊獎品（質量越高，點贊越高，互動越高，獲獎機率越大）【特別獎勵】相信有很多朋友由於各種原因沒有辦法到達老虎七週年的現場，不要着急，福利來啦！6月12日，社區將爲無法來到現場相聚的虎友們同步進行線上直播! 戳我圍觀直播悄悄地告訴你，本次Open Day直播還會設有抽獎環節，主持人會在15：00、16：00、17：00、17：40 四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186388851","isVote":1,"tweetType":2,"object":{"id":"937288312ea942aea7d36787b274aa53","tweetId":"186388851","videoUrl":"https://1254107296.vod2.myqcloud.com/27e1f7ecvodtransgzp1254107296/43f117a63701925919089160461/v.f30.mp4","poster":"https://static.tigerbbs.com/cf4274e70584942c828dcdfe5d150800"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}